RBI Assistant / Numerical Ability

RBI Assistant Profit Loss Discount practice questions

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Profit Loss Discount questions with answers

Question 1 / Profit Loss Discount

An article is bought for Rs. 500 and sold at a profit of 10%. What is the selling price?

A. Rs. 50
B. Rs. 450
C. Rs. 575
D. Rs. 550

Correct answer

D. Rs. 550

Why

Profit = 10% of 500 = 50. Selling price = 500 + 50 = 550.

Question 2 / Profit Loss Discount

An article is bought for Rs. 525 and sold at a profit of 12%. What is the selling price?

A. Rs. 462
B. Rs. 614
C. Rs. 588
D. Rs. 63

Correct answer

C. Rs. 588

Why

Profit = 12% of 525 = 63. Selling price = 525 + 63 = 588.

Question 3 / Profit Loss Discount

An article is bought for Rs. 550 and sold at a profit of 15%. What is the selling price?

A. Rs. 659
B. Rs. 632
C. Rs. 82
D. Rs. 468

Correct answer

B. Rs. 632

Why

Profit = 15% of 550 = 82. Selling price = 550 + 82 = 632.

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